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20121205
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KRON (MyNetworkTV) 2
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English 47
Search Results 0 to 46 of about 47 (some duplicates have been removed)
CBS
Dec 7, 2012 4:00am EST
morning. thank you so much. in this country president obama says cutting a deal to avoid the fiscal cliff could to be done in a week but the president said that won't happen unless republicans drop their opposition to the wealthy. president obama visited a virginia family to move his cause. he maintained his hard line on tax increase. >> just to be clear i'm not going to sign any package that somehow prevents the top rates from going up for folks at the top 2%. but i do remain optimistic that we can get something done. >> congress and the president have until the end the year to avert automatic spending cuts and tax increase. take a quick break. when we come back on the morning news a preview of this morning's jobs report. what role did sandy play in hiring? ♪ [ male announcer ] with free package pickup from the u.s. postal service. visit usps.com. pay, print, and have it picked up for free before december 20h for delivery in time for the holidays. you can even give us special instructions on where to find it. free package pickup. from the u.s. postal service. because it's nice to have
MSNBC
Dec 5, 2012 12:00pm PST
billion in medicare cuts. wellç you know why he was sayi that? because obama and the affordable care act cut medicare by $700 billion. they did it in a very careful way. they did it in a way to protect beneficiaries and responsible. they faced up. they said medicare does need to be trimmed. we need to do it in a smart way and did this. >> why is it off the table now? >> well, precisely because they did -- took that step. they took that very big step and now everyone -- now the idea's, all right, we took the found cut and starting the experiments now. let's see how they work. there's a very good chance, in fact, we are seeing signs that some of them are starting to save some money. we cut $700 billion. we have these pilot programs going forward. let's watch. we have taken enough out of medicare for now and see how the experiments go. if they work out and if a few of them work out, we'll get bigger shape and in better shape fiscally. >> the line in the sand of the president is not don't touch medicare but the benefits provided but back to what you were saying about the way that republicans
FOX News
Dec 7, 2012 7:00pm PST
, not irresponsible entitlements. that gets a pass. it will be tax cuts. obama's premise that this country'country'scountry's firse fraudulent and he's fixing it, and they'll be etched in stone. tax cuts. >> the president has given the republicans flexibility to come up with a credible, specific plan. what they offered in return was an empty letter. >> when it comes to fiscal cliff that's threat nick our economy and threatening jobs, the white house has wasted another week. >> tax cuts is what caused the fall of the united states from super power status. >> this president just won a big election and you would think that he would want to lead. >> we've had the election. the president was clear in the campaign that he was advocating and fighting for the middle income tax cuts. >> tax cuts. the whole premise of tax cuts is going to be blamed for all of this economic mess. >> this is a moment of truth. the clock is ticking, christmas it coming, the goose is getting fat. in many homes across america, it's a very, very lean time. >> the reports indicate that the president has adopted a deliberat
MSNBC
Dec 7, 2012 10:00am PST
on the entitlement cuts that president obama has laid out or more entitlement cuts, but something. i think john boehner has to go back to his members and say look, president obama won the election, polling suggests we republicans lose if we go over the cliff, and i got this one thing that's going to mitigate your unhappiness over the fact that we're moving up rates on the wealthiest americans. he needs the third part to sell the whole package. >> and david, there is a jobs report today which sort of mixed news for everyone. it's a good number, down to 7.7%, unemployment, 146,000 new jobs added but the downside is that fewer people were in the labor force a lot fewer, because people gave up on even trying. >> i think this is one of the more provocative questions and get to it on sunday, which is, are we too focused on the debt. are we not focused enough on what the government can be doing to try to spur job growth? beyond just -- >> there was a stimulus piece in the offer from the white house that was laughed at by the -- >> laughed at but could end up surviving. one of the things about the pres
FOX News
Dec 8, 2012 10:00am PST
that obama will have to come to the table with more spending cuts and entitlement reform and republicans might have to give in to some tax increases and the cbo do a recent report, saying if republicans get what they want in extending the entire bush tax cut plan. it would only increase the gd growth by 1.5%. if we do what president obama wants to do, it will only increase the gdp by 1.25%, having said that, it's just not about tax cuts, doug, it's more about cutting wasteful government spending. >> i was going to ask doug about that. doug, would you admit. since we have a democrat in the white house and also, the senate is democratically controlled. would you agree and how much is there of wasteful spending in washington? >> oh, there's a lot of wasteful spending, it's been around for before president obama was in office. and as i said before, he has, with the house republicans has already signed in law a trillion dollars in cut. and he'll do more. and i think that's encouraging and i think that shows he's willing to be plexable there, to angela's point which i agree with, a lot of what
CNN
Dec 5, 2012 11:00am PST
, but the democrats also want to extend some of the tax cuts that were enacted as part of obama's 2009 stimulus plan. that's where you get that bump up for college tuition and extra child credits and that sort of thing. >> we have another graphic i want to throw up. this is pretty much your upper middle class couple, combined yearly income, 940,000 bucks. under the democrats' plan, you see the numbers, taxes going up about $37,000. much less when you see the republican plan numbers, about $17,000. and then if we go off the cliff, this couple gets hammered because their taxes go up close to $50,000. their best deal, laurie montgomery, coming from the republicans. >> right. exactly. because the republicans don't want to raise their rates where as if we go over the cliff, they lose everything. everyone loses everything if we go over the cliff. and the democrats want those folks to lose their income tax rates anyhow so they get a better deal from the republicans because the republicans are saying, no, no, we want to extend the tax cuts for you too. >> laurie montgomery from the washington post, thank yo
CSPAN
Dec 10, 2012 8:00pm EST
, we have the tax cuts, the bush tax cuts and the obama tax cuts which have severely reduced the amount of revenue. the tax burden on americans from the federal government today is an 80-year low. we cannot fund the government with the revenues and loss in jobs that we have. host: cbo has done a study. including all parts of the tax cuts, and you have sequestration, you could increase the budget in very short order. this is a combination. we have had spending increases. the worst spending is dropping precipitously and we're still running a $1 billion deficit. it is about taxes, it is about other spending. in the future it will be about social security and medicare and medicaid, all of which go into negative financing at the end of the decade. guest: the debt doubling has been the consequence of tax cuts, lower revenues, the layoffs that happened and the recession we are still somewhat in. it is not true that all the social entitlement programs are going to the red at the end of the decade -- social security is likely to be very heavily financed by itself right through 2040. medicare has
FOX News
Dec 8, 2012 1:00pm PST
obama an open checkbook to run up the debt even more. we need to cut spending and keep the cap in place. joy right now as it stands, the -- >> right now the president's plan calls for 1.6 trillion in tax increases. that's double what was previously suggested and 200 billion in new stimulus spending. john what guaranteed cuts is the president offering, guaranteed cuts? >> well, he has already agreed to a trillion before, and he talked about more now. i think we all know economists and business people are cutting their way out of the problem. it is an approach that is cuts to entitlements and tax increases. it is the only way forward. when you think of entitlements almost every penny goes into the economy quickly. if you are talking about cutting entitlements that will have a devastating impact on the economy. >> let me clarify here. everyone agrees the changes in our taxes and entitlement cuts. i want to know what guaranteed cuts the president is offering. >> i am not aware of what cuts he has put on the table. let's just look at the consequences as well if the debt ceiling is raised. wh
ABC
Dec 6, 2012 6:00am PST
associated press poll shows there is clear support for mr. obama's plan in the poll 48% want the tax cuts on incomes exceeding quarter million dollars a year to expire in january while continuing them for everyone else. 32% want to renew the tax cuts for everyone. findings seem to strengthen the president's hand in his negotiations >> recall alert for parents from 7 on your side. government is taking action against makers of nap nanny, a portable baby recliner, after five infanned -- five infant deaths. the nap nanny poses risk of injury and death to infants. the commission says it is a dangerous product with a faulty sign. coming up on "good morning america" at 7:00, why the makers are refusing to pull its product. >>> this afternoon cal will hold a news conference to introduce the bear's new coach, sonny dykes has hired yesterday to rebill the program he leaves louisiana tech after three seasons. this year -- his bulldogs led the nation in scoring. he runs spread offense expected to bring exciting football to berkeley he has previous experience in pac 12 as assistant at arizona. >>> sti
CBS
Dec 5, 2012 5:00pm EST
the end of this year, taxes will go up for everybody and some massive spending cuts will kick in. president obama has rejected the latest profile bit republicans because it does not include a -- proposal by the republicans because it does not include a tax hike on the wealthy americans offering instead to close some tax loopholes, danielle nottingham with the latest from capitol hill. >> reporter: house members left the capitol in the middle of the fiscal fight not due back until next week, but house speaker john boehner is staying behind ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican proposal because it does not raise taxes on households making over $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> revenues we're putting on the table will come from, guess who, the rich. >> reporter: house republicans say if bush era tax cuts aren't extended for everyone, it will hurt the economy and they invited small business owners here to capitol hil
KRON
Dec 8, 2012 7:00am PST
are back. president obama is continuing to push for his middle class tax cut plan. in his weekly me the address, obama accuses house republicans of blocking a bill that would prevent a tax increase on the middle class. the democratic controlled senate has approved a plan. o obamas as a house bill lores rates for the wealthiest americans, instead of raising them as he has proposed. >> this is the only way to put our economy without asking more. this is the only plan that i am willing to sign. >> for the gop, florida senator marco rubio says tax increases will not solve the nation's 16 trillion dollar debt. he says the only way to do that is through economic growth and reform of entitlement programs. rubio says that limited government can help restore the middle class. >> be extra careful of side due to the fog. this is a view from our mt. tam and there is fog in the midst of clouds. it is partly cloudy. it is mostly sunny conditions for the afternoon. clear skies are expected for the afternoon. it take a look at the yellow on your spring this is where the dense fog advisory has been
WETA
Dec 5, 2012 6:00pm EST
announces major layoffs, cutting 11,000 jobs. is this a sign of things to come in corporate america? >> tom: i'm tom hudson. president obama tries to win over top business leaders, warning republicans are holding the global economy hostage over the fiscal cliff.
CBS
Dec 6, 2012 4:00am EST
>>> good morning, everybody. i'm terrell brown. stunning. that's what they here after the obama administration is ready to go over the fiscal cliff if the gop doesn't bid on higher taxes. a poll shows nearly half of those ads say it's time to end talks cuts for the wealthy but keep it in place for americans earning $250,000 or less. 32% say the tax cuts should remain in place for everyone. during a broadcast interview yesterday timothy geithner was asked what if republican don't agree to raising taxes? >> is the administration prepared to go over the fiscal cliff? >> oh, absolutely. there's no prospect of an agreement that doesn't involve the tax -- remember, it's 207b8%. remember, all of those americans, too, get a tax cut into that framework on the first $250,000 of their income. >> that said the president and speaker john boehner discussed the budget by phone yesterday. susan mcginnis is in washington with the latest on this game of fiscal chicken. susan, good morning to you. >> right. good morning, terrell. yeah, that phone call does raise the possibility that some serious t
CNN
Dec 6, 2012 1:00pm PST
blitzer. you're in "the situation room." >>> we begin with president obama taking his battle to extend tax cuts for the middle class into the heart of the middle class suburb today. he visited a family just outside washington, d.c., using their story to dramatize what will happen in just 26 days if he and congress can't make a deal on the so-called fiscal cliff. a source of great concern for so many people, everyone's taxes will go up, will go up if there's no deal. let's go live to our white house correspondent dan lothian. he's on the scene for us over at the white house. how did it go, dan? >> reporter: well, wolf, we've seen the president do this before in the past whenever he's locked in negotiations with lawmakers. he heads out on the road, either goes to a backyard or sits down around a dinner table to put pressure on congress. that's what he did today when he went to falls church sitting down with the santana family. their parents who also are employed live in the household with them. so if taxes do go up on middle class americans, the overall hit on that household will be $4,000.
MSNBC
Dec 7, 2012 11:00am PST
that through the $360 billion that is in president obama's proposal with $4 trillion in deficit reduction that does it without cutting benefits. we have an opportunity to administrator years of solvency to medicare and medicaid. we need republicans to sit down at the table and embrace the notion you need a balanced approach. they need to send that middle class tax cut extension bill to the president's desk. >> what, if anything, does today's jobs report do for the president's hand in these negotiations? >> it just continues to add to the idea that we continue to make slow and steady progress. that we need to make more progress, and that you can see that although we've created jobs in the private sector i think for 33 straight months, you have a fragile recovery that we know a fiscal cliff would really impact in a dramatic way. we want to make sure we aavovoi that. we have an easy, no-brainer thing to do to give that certainty and another shot in the arm to the economy. and that is extend the middle class tax cuts. simple, no-brainer thing to do we agree on. >> really quickly here. ten sec
FOX
Dec 6, 2012 7:00am PST
department jobs that could be lost if automatic trick -- automatic tax cuts are formed. >>> bill clinton says he's not sure if hillary clinton will run for president. she said she does not want to continue a secretary of state for president obama's second term. she said she wants to focus on issues to -- that are important to women. >>> let's see what tara is seeing on 880. >> we have a lot of traffic on pinole and then past the golden gate gate. we're in berkeley/emeryville. we have a traffic issue in here. 280, northbound towards santa clara, looking pretty bad. give yourself extra time. let's check in with steve. >>> tara, thank you. there's definitely some breaks in the clouds. jive seen gusts to 25 miles per hour. i dent think this -- i've seen gusts to 25 miles per hour. i don't think this -- this breeze can helpster things up a little bit. still some low clouds around. i'm seeing breaks in the clouds for san jose. kind of a cooler pattern with the northwest wind. mostly sunny, though, today, no rain except we're done for a while. in fact, as the pattern changes here, even the higher cl
FOX News
Dec 5, 2012 10:00am PST
on president obama to take bold action on the controversial issue of global warming. welcome to "america live", i am megyn kelly. the nrdc has issued a groundbreaking proposal to cut pollution in america's power plants, saying that the epa can and should be used. rules for hundreds of existing power plants, bypassing congress altogether. this kind of proposal would obviously have huge economic impact that could spread across the industry that employ hundreds of thousands of americans. the coal industry. chris stirewalt is our digital politics editor and host of power play. this group has emitted this proposal and wants the epa to take control of these admissions in a way that president obama could not get through congress. he submitted his cap and trade proposal when the democrats controlled the house and senate. nancy pelosi got passed in the house. now this group is going to the epa in saying that you just do it, crack down on these admissions yourself. the supreme court has said that you have this power. go for it. the eta said no, for now. reporter: the epa probably wishes that the group
CBS
Dec 6, 2012 5:00pm EST
to their positions. the tax cuts should be extended for all americans. danielle nottingham reports for wjz. it comes as president obama meets with a family who would be impacted if the country goes over the fiscal cliff. >> reporter: lawmakers are getting an earful about why they need to avoid the so- called fiscal cliff. >> you gotta nail this down. uncertainty is killing us. >> reporter: top comiftds -- economists came to capitol hill thursday to talk about the impact of tax increases ask government spending cuts on the middle class. >> a couple thousand dollars means a couple months rent for this family. >> reporter: the white house has made clear, the country could go or the cliff -- over the cliff, if republicans refuse to raise taxes on the top 2% of american earners. >> for them to be burdened, unnecessarily, because democrats and republicans aren't coming together to solve this problem, gives you a sense of the costs involved in very personal terms. >> reporter: republican leaders say they will close loopholes and eliminate tax breaks to raise mon
CBS
Dec 6, 2012 4:00am PST
to avoid costs associated with president obama's health care law, citing a publicity backlash and a down graded profit outlook. darden announced that none of its full time employees will have their hours cut as a result of the new regulations. >>> well, believe it or not you'll be seeing more starbucks cafes popping up. the coffee chain is planning to add 1,500 locations in the next five years. more are planned for canada and south america as well. >>> and having the most watched youtube video in u.s. history sure can pay the bills. south korean pop star psi is set to make at least, get this, $8.1 million this year off of his hit song "gangnam style." that just is from the ads on his youtube video and sales of the song on itunes. terrell, we've got to get some itune singing/dancing thing going on. >> you sing, i'll dance. >> i'll dance, you sing. >> you daenlt want me to dance. >> i think we want that. >> ashley morrison in new york. thank you so much. >>> in sports, rack up another milestone for lakers superstar bryant. he seeks a jumper for his 30,000th career point. he's only the fift
CBS
Dec 5, 2012 5:00pm EST
hikes and spending cuts inches closer. no face-to-face talks are scheduled at this time. but as danielle nottingham reports, president obama is continuing his push to sell to the american public. >> reporter: house members left the capitol in the middle of the fiscal fight. they're not due back until next week. but house speaker john boehner is staying behind, ready to sit down with the president. >> we can't sit here and negotiate with ourselves. >> reporter: president obama is rejecting the republican propoise -- proposal because it does not raise taxes on households making more than $250,000 a year. the gop is offering to close tax loopholes and limit deductions instead. >> the revenues we're putting on the table are going to come from, guess who? the rich. >> reporter: republicans say if bush-era tax cuts are not extended for everyone, it will hurt the economy. and they invited small business owners here to capitol hill to make their point. >> max olson opened an shrpses company this year. and is concerned he won't be able to add
CBS
Dec 6, 2012 7:00am EST
mr. obama demanded republicans raise the debt ceiling this month without any spending cut strings attached. >> if congress in any way suggests they're going to tie negotiations to debt ceiling votes, and take us to the brink of default once again as part of a budget negotiation, i will not play that game. because we've got to break that habit before it starts. >> reporter: the president sees the fiscal cliff showdown as an opportunity to break that linkage for good. republicans say they will not increase the debt ceiling now $16 trillion and due to expire in february without more deficit reduction. >> history shows the only major deficit cutting deals we ever do around here, ever comes after debates over the debt ceiling. it may be a good idea if you don't care about the debt but it's a non-starter for those of us who do. >> reporter: public opinion generally is on the president's side, but republicans in the house are not paralyzed or perilous, more unified behind speaker boehner than a year ago. why is this important? the white house is beginning to notice
CNN
Dec 5, 2012 4:00am PST
, december 5th, and "starting point" begins right now. >>> our "starting point" this morning, president obama putting his foot down. he says no tax hikes for the wealthy, no deal. america hits that fiscal cliff in 27 days and that means tax hikes and deep spending cuts if the democrats and the republicans can't come together in some kind of a deal and with just ten days remaining until congress is scheduled to go home for the holidays, the clock ticking. here's what he told bloomberg news. listen. >> we're going to have to see the rates on the top 2% go up and we're not going to be able it to get a deal without it. >> we start this morning with white house correspondent dan lothian, he's in washington, d.c. okay. so who's got the ball in their court at this point then, dan? >> well, you know, i think the house gop, they have presented their counteroffer which white house spokesman jay carney is referring to as, quote, magic beans and fairy dust. we expect that house republicans will keep putting pressure on the white house to engage, push for more details on what the white house will accept w
CNN
Dec 8, 2012 7:00am PST
, president obama responded to boehner's remark. >> i'm willing to make more entitlement spending cuts on top of the one trillion dollars in spending cuts i signed into law last year. but if we're serious about reducing our deficit while still investing in things like education and research that are important to growing our economy, and if we're serious about protecting middle class families, then we're also going to have to ask the wealthiest americans to pay higher tax rates. that's one principle i won't compromise on. >>> holiday hiring may have given a big boost to the jobs report released yesterday. retail hirers hired more people than any month on record since 1939. 146,000 jobs were added to the economy last month, and the unemployment rate fell to a four-year low of 7.7% partly because thousands have just simply stopped looking for work. >>> more good news for your wallet. gas prices are down to an average of $3.36. it is the 16th consecutive time the price has dropped. the highest price for a gallon of regular is in high where it's $4.02. >>> he served his party as a republican, and
CBS
Dec 5, 2012 5:00am PST
and republicans don't reach a budget agreement by year's end, across-the-board tax hikes and budget cuts will kick in automatically. house speaker john boehnered off a republican proposal this week but president obama and other democrats have dismissed it because it includes no tax increase for the wealthiest of americans. >> 60% of americans pay slightly more. >> there's only one person out of 307 million americans who can sign something in law, the president. >> boehner is set to meet with small business owners while the president speaks at a conference of corporate ceos. >>> bob dole made an appearance on capitol hill yesterday in a wheelchair frail but still flexing his political might. he could not convince enough republicans to support a disabled rights treaty. the united nations treaty would ban discrimination against people with disabilities. it fell five votes short of getting the needed two-thirds approval in the senate. >>> the world's oldest woman has died at the age of 116. beth cooper is only one of eight people recognized by the begin he was book of world records to have lived that
CBS
Dec 6, 2012 6:30pm EST
that the congress could. president obama spent his day with the santana family of falls church and he says they're members of the middle class and they'll be hit hard if congress fails to extend their tax cuts. meantime virginia could be hit hard if those spending cuts end up taking place especially in places like fairfax county where federal contracting is king. >> if you go make the kind of cuts that some are suggesting happen, then you're really hurting a lot of the small buss
CNN
Dec 10, 2012 2:00am PST
the fiscal cliff. in 22 days we go over that edge. that's when sweeping tax hikes and spending cuts kick in unless a deal gets done. after 23 days without uttering a word to each other face-to-face, that is, president obama and house speaker john boehner sat down at the white house yesterday. they talked. so let's bring in brianna keilarment she is live in washington. so congress is scheduled to break for the holidays later this week. where do we go from here? how are these talks? >> we don't know. that's the thing. we know they spoke. in fact, it's somewhat remarkable that both the white house and speaker boehner's office put out statements simply saying that the two men had spoken. the lines of communication are open. and they were the same verbatim. that is something you can look at as some progress, perhaps. certainly it is promising may be the better way to put it. there is coordination there. they seem to be talking in good faith, trying to keep, i guess, their cards very close to the vest. and that is something that maybe is seen as promising. again, there is no word on actual pro
ABC
Dec 6, 2012 7:00am PST
before everyone's taxes go up and programs get cut. jon karl is following it all. a small breakthrough yesterday, president obama and house speaker john boehner got on the phone. >> reporter: that may not sound like much, george. but it's the first time the two men have spoken in a week. and what may be the most significant sign of progress, neither side talked about what was said on the call, an indication they may be serious about negotiating in private. >> we're starting to see some republicans concede that tax rates on the wealthy, at least, are going to have to go up. the president has another rock-hard bottom line. that's an increase in the u.s. debt limit, as well. >> reporter: that's right. republicans even top republicans, say the tax rates are going to almost certainly go up. but on this question of the debt ceiling, the government reaches the limit of how much money it can borrow in february. republicans say they will exact a price for that. they want spending cuts, if they can't get exchange for the tax increases. they will raise the debt ceiling. >> the president saying he
CBS
Dec 5, 2012 7:00am PST
hikes and spending cuts. >> with just 27 days to go, republicans are not talking with the obama administration and the president is only talking on tv. major garrett is at the white house. good morning. >> reporter: good morning, charlie and norah. yesterday at the white house there were vague references to conversations about the the fiscal cliff with congress iion republicans. i can confirm this morning through my sources here at the white house and on capitol hill that there were no substantive conversations or negotiations yesterday at all. no formal e-mails, to conversations, nothing. house speaker boehner's countdown led to the lighting of the capitol hill christmas tree last night. >> three, two, one. >> reporter: but washington is counting down this month to the dark unknown of the fiscal cliff. >> thanks for having me. >> reporter: on his first view sbr interview on the fiscal cliff, he rejected john boehner's proposal. >> unfortunately the speaker's proposal is out of balance. >> reporter: raising taxes on households earning more than $250,000. >> we'll have to see the
CNN
Dec 5, 2012 1:00pm PST
] the bankamericard cash rewards card. apply online or at a bank of america near you. >>> both president obama and john boehner are accusing each other of not making serious offers to avoid the across the board tax increases and spending cuts that people here in washington call the fiscal cliff. most house members are going home today with only 27 days to make a deal. two house leaders who are not going home are with me in the situation room. they're working very hard to avoid the fiscal cliff. thanks so much for coming in. for so long, republicans wanted to extend the bush tax cuts forever, now for 98% of the american people, the democrats are saying, we're ready. we've given up, we'll let you have those bush tax cuts for as long as possible. let's just resolve that, we'll move on to some of the tougher issues later. let's make sure that 98% of the american families have these lower tax rates into next year. why not give that? >> the debate over those top two pshsz, is really a strong man debate. what we need is tax reform in america. we need a simpler less complicated tax code. >> i agree wi
FOX
Dec 6, 2012 6:00am EST
, president obama spoke with john boehner and eric cantor says the gop is ready to, quote, talk specific. if an agreement is not reached, defense employees will take a hard hit. almost half of the automatic cuts that would take effect will impact the department of defense and civilian employees are expected to be first to feel it. >>> new this morning, the duchess of cambridge is out of hospital and as we see in this video, just in to the newsroom, she and prince william were seen leaving about 0 minutes ago to head to kensington palace. the couple is expecting their first child and kate had been hospitalized for severe morning sickness. her stay in the hospital was uneventful except for a prank call by a pair of australian dj is pretrending to be the queen and prince charles. >>> same-sex couples in washington state line up to say i do and the state rolls out a controversial new law that legalizes smoking pot in private. >> a software giant arrested. john mcafee is at the center of an investigation into his neighbor's murder. that is not why he was taken into custody. we'll explain when
CBS
Dec 6, 2012 5:00pm EST
the country could be pushed over the edge. today in northern virginia president obama visited a middle class falls church family. he says people like the centanas could be hit hardest if congress doesn't extend middle class tax cuts. >> for them to be burdened unnecessarily because democrats and republicans aren't coming together to solve this problem gives you a sense of the costs involved in very personal terms. >> the president proposed a plan that members of his own party won't even vote for. >> now the president does want tax rates to go up on the wealthiest americans. republicans are standing behind their counteroffer to close tax loopholes and limit some deductions instead. they say the president needs to deliver a new plan that congress can pass. >>> let's take live look right now. this is the ellipse where we are just moment as way from the lighting of the national -- moments away from the lighting of the national christmas tree. erica grow has been out there all afternoon. people are still pretty excited, aren't they? >> reporter: this is such a wonderful time on the ellipse out h
NBC
Dec 10, 2012 7:00am EST
. >> good morning, everybody. >>> house speaker john boehner and president obama met sunday to discuss the fiscal cliff. republicans and democrats have been deadlocked on how to stop tax hikes and spending cuts that are set to kick in at the beginning of the year. >>> dallas cowboys defensive lineman josh brent has been released from jail after posting half a million dollars bail. he is being charged in the death of his teammate and close friend jerry brown. police say he was drunk awhen h wrecked the car that killed brown. >>> morsi rescinded much of the de krch decree. a disputed draft of the constitution for the country. >>> mandy drew is at the new york stock exchange. good morning to you, mandy. >> good morning, natalie. lots of headwind from overseas, political shakeup in italy and sharply slowing down chinese export growth, keeping u.s. traders on edge not to mention the vagaries of the fiscal cliff. markets move with progress or lack of progress as the case may be. the congressional budget office says we could be back in recession the first half of next year if a deal is not re
KRON
Dec 4, 2012 5:00pm PST
's mind right now. with about four weeks to go before that fiscal cliff of tax hikes and spending cuts gets triggered, negotiations still appeared at a standstill on tuesday. karin caifa tells us where everything stands. >> in the midst of a standoff with capitol hill republicans, president obama told bloomberg news that the latest plan put forth by house speaker john boehner, simply doesn't add up. the >> speaker's proposal right now is still out of balance. he talks about, for example, eight hundred billion dollars worth of revenues but he says he will do that by lowering rates. when you look at the math, it does does not work. >> not work. as negotiations as negotiations to avoid the so-called "fiscal cliff" continue, republicans were equally dismissive of the last proposal from the president. >> his proposal was so outlandish i don't think we should go back to the table until he puts something there that we can work with. >> the key sticking point between the two sides hasn't changed -- tax rates for the wealthy. >> the math is clear. the only way to accomplish these things
CNN
Dec 8, 2012 5:00am PST
saying and others who have looked at this problem, we've done enough cutting in discretionary spending. that shouldn't be part of the current discussion, and, in fact, it isn't. the things that people are talking about now, specifically very important people like president obama and speaker boehner, is the tax code and these programs that we sometimes call entitlements, medicare, medicaid and social security. those are the things that are on the table at the moment, not defense. unless the bargain fails, unless the two sides cannot get together and then the thing that will happen, and it will happen quickly, are drastic cuts in defense and domestic spending and an automatic increase in taxes. that is what must be avoided. just because the economy couldn't take it at this stage. we've had relatively slow growth in the economy, and though it seems to be picking up and the last jobs report was quite favorable, having a crash austerity program right now, that's what the fiscal cliff is, would be a big mistake. so the two sides have to get together on this grand bargain. >> well, we certain
CNN
Dec 6, 2012 2:00am PST
, president obama and house speaker john boehner finally speaking to each other by phone yesterday. there's still no sign of progress or future talks with 26 days remaining until massive tax increases and spending cuts begin. >>> a naked protest at san francisco city hall. the nudists are protesting an ordinance that would force them to cover up in public, starting next year. the activists say the law would violate their civil rights as nudists, the ordinance was sponsored by a local supervisor who says his constituents were tired of seeing a group of naked men every day. >>> a $4.1 million modernization project at los angeles international airport wouldn't be complete without a caviar bar, along with 18 new state of the art boarding gates, the airport is adding 50 premiere luxury and dining outlets. the airport is adding a caviar and champagne bar. >> really? >> why, you ask? one of the chief developers explains the way you capture the flavor of a city is through its food. hello! >> top 1%. >>> if you're away from your television right now, running around the house, getting ready for wor
CNN
Dec 10, 2012 4:00am PST
boehner and president obama. i really feel a deal has to be made. look, by the end of the year, either republicans have to come together with democrats and have a deal, or else the tax cuts expire. who doesn't believe that on january 3rd republicans would not come back and extend the tax increases that would affect 98% of americans in this country. >> so "the wall street journal" has an editorial. i think it's kind of an sprg interesting editorial, and i'll read a chunk of it. "it's a shame that republicans are playing into mr. obama's hands. mr. obama isn't going to blink on the budget if he thinks republicans are going to blink first. so far, the emerging gop position seems to be to surrender on taxes first and hope that mr. obama will have mercy on them later on entitlements. but what is the evidence in the last four years or even since the election that mr. obama won't pocket that victory and then refuse to offer any but token changes on entitlements." >> that's a reversal of what they wrote a few weeks ago where republicans will take the victory in keeping them from going up. >> b
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